One of trading methods supposes that in the beginning of the trading day the price sets the borders which will be broken only in one direction. For example, if the price goes above the first five hour highs it means that the price will go up today.

This indicator is intended to work with this method - you can choose when the trading day is started (at 17:00EST aka FXCM trading day, at midnight GMT or at midnight of your local time) and how long to collect the data for "the first part of day".

By default, it must be shown in the chart area if nothing is changed on the Location tab. Could you please check whether the "Chart" area is selected in that tab for the indicator like on the image below:

If this indicator is always located in area like an oscillator, could you please make a snapshot of the chart and snapshot of the "location" tab when the breakout indicator is initially added to the chart?

DearPlease can you make strategy for this indicator where you put pending order buy stop at the high and sell stop at the low condition only two order per day where the order if hit either stop loss or take profit not repeated at this day

Who is online

FXCodeBase. The Ultimate source of the indicators and signals for the FXCM Trading Station and Marketscope applications

Forex Capital Markets, LLC. ("FXCM LLC") is an independent legal entity and is not affiliated with Gehtsoft USA LLC.http://fxcodebase.com is not owned, controlled, or operated by FXCM LLC. FXCM does not endorse any product or service of Gehtsoft USA LLC. Nothing associated with this promotion shall be considered a solicitation to buy or an offer to sell any product or service to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws or regulations of such jurisdiction.